SWIFT and BAE Systems have jointly published a report entitled "Follow the Money", focused money laundering techniques used to support large-scale cyber-heists. The report highlights a number of trends and tactics used to launder money arising from cyber attacks. For example, the report states that cyber criminals target unsuspecting job seekers when recruiting money mules. Criminals also focus on industries such as textiles or fishery to obscure funds. The report also noted that money laundering using cryptocurrencies was relatively uncommon compared with traditional currency transactions, but tend to be high in value.
- Checklist Checklist: Staff awareness and training to prevent money laundering and terrorist financing (UK)
- How-to guide How-to guide: How to conduct an organisation-wide assessment of money laundering and terrorist financing risk (UK)
- How-to guide How-to guide: How to navigate challenges relating to Source of Wealth and Source of Funds (UK)